Question: QUESTION 7 Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the defensive interval ratio (note that all current asset accounts

 QUESTION 7 Using the following financial statement data excerpts from KRJ

QUESTION 7 Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the defensive interval ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00. Cash & marketable securities Accounts receivable Inventory Total other current assets Fixed assets (net) Intangible assets Long-term investments $125 $378 $447 $153 $1,098 $186 $321 Sales Cost of goods sold Cash operating expenses Depreciation expenses Interest expenses Gain on sale of asset Tax expenses $1,883 $1,002 $597 $304 $136 $146 $195

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